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flag Oman launches financial centre to cut oil reliance, boost growth and attract global investment.

flag Oman has approved the creation of the Oman Global Financial Centre to boost economic diversification and reduce oil dependence. flag The centre, operating with regulatory autonomy, will attract global financial institutions, offer incentives for investment, and support innovation. flag It aims to strengthen non-oil sectors, create high-quality jobs, and leverage Oman’s stability and international ties. flag The project is part of broader reforms, including a planned 2028 income tax and a golden visa program. flag Economic growth is projected at 4% in 2026, aligning with regional efforts by Gulf nations to build financial hubs.

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